Hassan Maishera
On Monday, the Zilliqa team announced via X that they had proposed halving mining rewards to incentivize the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
If approved, Zilliqa believes it would create urgency for stakeholders to prioritize the transition. It would also minimize disruption and facilitate smoother PoS integration. Finally, the reallocated resources will fund innovation, community engagement and potentially stabilize the ZIL token price.
Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture and features smart contracts written in the platform’s proprietary programming language: Scilla. ZIL is trading at $0.01535 at press time, down 1.5% in the last 24 hours.
